According to ChainCatcher, Solv Protocol co-founder Ryan Chow said that the accusations against the project are false and self-contradictory, attempting to mislead the public. Solv decided to respond with facts.
In response to the accusations made by Nubit co-founder Hans, Chow pointed out that the cited mempool transaction is a routine operation of SolvBTC.CORE, and BTC needs to be re-staked to a new address every half month.
Regarding the decline in TVL of SolvBTC.BBN during Babylon Cap3, Chow explained that this was caused by the normal redemption mechanism, which reflected the liquidity and flexibility of the product, and refuted the speculation of double counting of BTC.
Chow emphasized that Solv was attacked before TGE, and has provided on-chain evidence and technical documentation, inviting the market and users to make their own judgments.